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Stock Prices

ALKT

SLNH

VLN

WULF

In Monday's pre-market session, several information technology stocks showed significant movement. Valens Semiconductor (VLN) and Alkami Technology (ALKT) were among the gainers, with increases of 10.2% and 8.92% respectively. On the losing side, Soluna Holdings (SLNH) and TeraWulf (WULF) saw declines of 15.4% and 9.29%. Other notable movers included BIO-key Intl (BKYI), Rubicon Technologies (RBT), Sobr Safe (SOBR), Credo Technology Group (CRDO), Argo Blockchain (ARBK), Powerbridge Technologies (PBTS), Cyngn (CYN), and BIT Mining (BTCM).

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 1:06 pm

POR

Barclays analyst Nicholas Campanella upgraded Portland Gen Electric (NYSE:POR) from Equal-Weight to Overweight and set a price target of $47.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:06 pm

AAPL

CI

KO

M

TSLA

Bitcoin's social dominance has fallen by over 30% as its price dropped below $42,000. An investor group has proposed a $5.8 billion acquisition of Macy's. Cigna has called off its merger with Humana and is moving towards a $10 billion buyback strategy. Apple's analyst has raised the price target to $250, anticipating a $4 trillion valuation by 2024. Tesla's Cybertruck is nearing delivery, and the vehicle has been approved for a $7,500 federal tax credit. Coca-Cola is testing alcoholic beverages in India, and Starlink kits are now available at Costco.

Portfolio Pulse from Akanksha Bakshi

December 11, 2023 | 1:04 pm

BB

BlackBerry has announced its intention to fully separate its IoT and Cybersecurity business units. The company has also decided not to proceed with the previously considered IPO of its IoT business as a subsidiary.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:02 pm

MTD

Mettler-Toledo Intl (NYSE:MTD) received mixed analyst ratings in the last quarter with 1 bullish, 1 somewhat bullish, 2 indifferent, and 1 bearish. The average price target is $1135.0, representing an implied upside from the current price of $1090.52. This is a 12.42% decrease from the previous average price target of $1296.00. Analysts rate stocks typically once per quarter and provide insights such as earnings, revenue, and growth estimates.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 1:00 pm

WING

Analysts have rated Wingstop (NASDAQ:WING) with 1 bullish, 6 somewhat bullish, and 9 indifferent ratings in the last quarter. The average price target is $204.81, which is below the current price of $244.01, suggesting a downside. This target has increased by 9.12% from the previous target of $187.69.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 1:00 pm

BONKUSD

DOGEUSD

SHIBUSD

BONK, a meme coin associated with Solana, has surged 5700% since the start of the year, outperforming other meme cryptocurrencies like Dogecoin and Shiba Inu. However, a crypto analyst named Ali has indicated that BONK is showing a sell signal on the TD Sequential indicator, suggesting a potential correction period of one to four weeks. BONK recently hit an all-time high of $0.000011, and KuCoin has introduced a BONK/USDT trading pair. Currently, BONK is trading at $0.000011, down 3.21% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

December 11, 2023 | 1:00 pm

NVDA

Nvidia Corp (NASDAQ:NVDA) is expanding its global presence, focusing on partnerships in Vietnam with leading tech firms to develop AI and digital infrastructure. The company has invested $250 million in Vietnam and is considering establishing an R&D facility there. Nvidia's stock has seen a 232% year-to-date increase. Meanwhile, YTL Power International's shares surged after announcing a $4.3 billion AI data center partnership with Nvidia in Malaysia. Analyst Matt Ramsay of TD Cowen maintains a Buy rating on Nvidia, which traded slightly higher premarket on Monday.

Portfolio Pulse from Anusuya Lahiri

December 11, 2023 | 1:00 pm

CYN

GGE

M

NIR

Green Giant Inc. (GGE) shares plummeted by 37.1% in pre-market trading due to a proposed public offering. Other stocks experienced significant movement in pre-market trading, with notable gainers including NextPlay Technologies (NXTP), Onconova Therapeutics (ONTX), and Macy's (M), which received a $5.8 billion acquisition bid. Losers included Near Intelligence (NIR), which filed for Chapter 11, and Cyngn Inc. (CYN), which announced a $5 million public offering.

Portfolio Pulse from Avi Kapoor

December 11, 2023 | 12:59 pm

SNAP

Wells Fargo analyst Ken Gawrelski has upgraded Snap Inc. (NYSE:SNAP) from Equal-Weight to Overweight and increased the price target from $8 to $22, indicating a positive outlook on the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 12:57 pm